Same pattern as the previous idea i just posted but I’ve switched it from the 3 month chart to the 1 month time frame in order to keep track of the developments in price action more quickly. Im also going to post this pattern one more time but on the weekly timeframe as well. The 3 targets remain the same. *not financial advice*
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Starting to rise more comfortably above the highest possible top trendline, just before the end of the month as well. Closing a portion of the body of the monthly candle above the top possible triangle trendline would be a very bullish sign indeed. Note
A break upward from the current little bullflag we have formed since we made for the pole for it last November should take price up to that first target of 10.24. Being as this is the logarithmic scale and on the monthly time frame it could take a while to hit the target once the breakout of this bullflag is confirmed which is likely to be confirmed this coming week.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.